About this pair
ILS/MYR: what to know
The ILS/MYR rate shows how much MYR you get for 1 ILS. Right now, 1 ILS buys 1.3428 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.7447 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while MYR responds to commodity prices and regional demand.
The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.